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The sales growth is largely driven by strong demand from major urban and rural areas, especially in the 100cc and 125cc segments during the festive season.

The Indian rupee hit an all-time low of 84.1050 against the dollar on Monday due to persistent outflows from local stocks. The BSE Sensex and Nifty 50 indexes fell over 1.5% amid possible overseas investor selling and caution before the U.S. presidential election outcome. Asian currencies were mainly higher, while the dollar index dipped.

On the technical charts, the RSI of the stock stood at 47.42.

Elcid’s remarkable price surge came after a special call auction session on the Bombay Stock Exchange (BSE) to determine the prices of holding companies, where Elcid shares were valued at Rs 2.25 lakh.

Maruti Suzuki shares fell 13% amid disappointing Q2 results and bearish sentiment, with analysts warning of potential sales softness for several quarters and cautioning investors to seek reversal signals.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.25 per cent and domestic institutional investors had 24.32 per cent.

The stock quoted a 52-week high price of Rs 1946.20 and low of Rs 811.50.

Bajaj Auto shares fell 5% after reporting a 2% YoY sales rise to 479,707 units in October, with domestic two-wheeler sales declining 8%, despite strong export growth.

With the US elections underway, early ballots indicate a tight race between Kamala Harris and Donald Trump. Markets had been betting on a Trump victory, but recent shifts in traditionally Republican states suggest growing support for Harris. Financial markets may react differently depending on the election outcome, influencing the US dollar and sector-specific stocks.

The rupee appreciated by 1 paisa to 84.06 against the US dollar in early trade on Monday, influenced by persistent foreign fund outflows, a muted trend in domestic equities, and rising crude oil prices. This follows a relatively quiet week due to Diwali celebrations and ongoing intervention by the Reserve Bank of India.